Oil

French oil and gas giant, Total, said Thursday that its profits were hit by the falling oil price and low refinery margins in the second quarter.

Eastern Libyan military forces have full control of Libya’s biggest oilfield, El Sharara, a spokesman said, in a challenge to the internationally recognised government in Tripoli.

Saudi Arabia has pledged support for South Africa to be accorded the observer status in the Organization for Islamic Co-operation (OIC). This follows a meeting between President Cyril…

OPEC and Russia’s efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in…

LAGOS - One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said.

Nigeria has been on a gasoline buying spree after fuel queues built up at filling stations this month, even as the government sought to reassure drivers that there…

ABUJA - Nigerian lawmakers have set up a committee to investigate allegations of corruption at the state oil company contained in a letter from the minister of state…

LAGOS - Nigeria's Forte Oil said on Friday it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in…

YENAGOA, Nigeria - At least six Nigerian soldiers have been killed in new military campaign against militants in the country's restive Niger Delta oil hub, security officials said…